Federal trade court hears challenge to Trump's tariffs under 1974 law

The U.S. Court of International Trade convened today to hear arguments challenging President Trump’s use of temporary tariffs authorized by Section 122 of the Trade Act of 1974. These 10% tariffs, imposed following a Supreme Court ruling that struck down broader duties under the International Emergency Economic Powers Act (IEEPA), are set to expire on July 24 unless Congress approves their extension. The debate centers on whether Section 122’s provision for addressing “international payments pro